# PPP loan: CUM LAUDE GROUP, INC.
> **$610K** approved 05/01/2020 · Paid in Full · Loan `1606477702`
## Borrower
- **Name:** CUM LAUDE GROUP, INC.
- **Address:** 122 WESTMORELAND AVE, WHITE PLAINS, NY, 10606
- **NAICS:** 236115
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $610K
- **Initial approval:** $610K
- **Forgiven:** $619K (101%)
- **Forgiveness date:** 09/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $544K
- **Rent:** $16K
- **Utilities:** $6K
- **Health care:** $40K
- **Debt interest:** $5K
- **Jobs reported:** 35
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*